A tale of two debt issuers

Asian borrowers have continued their assault on the Yen markets with the launch of deals for Kepco and the Republic of the Philippines.

Jackie Horne

July 13, 2000

Korea Electric Power Corporation (Kepco) and the Republic of the Philippines met with very contrasting receptions on the launch of new benchmark transactions yesterday (Thursday). Where the former had a relatively smooth passage to market, the latter fell prey to overly ambitious expectations that Japanese investors refused to deliver.

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